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Income Tax Act

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 827 items in 17 pages
1Short title, extent and commencement
2Definitions
3Previous year defined
4Charge of income-tax
5Scope of total income
5A Apportionment of income between spouses governed by Portuguese Civil Code
6Residence in India
7Income deemed to be received
8Dividend income
9Income deemed to accrue or arise in India
10Incomes not included in total income
10A Special provision in respect of newly established undertakings in free trade zone, etc
10AA Special provisions in respect of newly established Units in Special Economic Zones
10B Special provisions in respect of newly established hundred per cent export-oriented undertakings
10BA Special provisions in respect of export of certain articles or things
10BB Meaning of computer programmes in certain cases
10C Special provision in respect of certain industrial undertakings in North-Eastern Region
11Income from property held for charitable or religious purposes
12Income of trusts or institutions from contributions
12A Conditions for applicability of sections 11 and 12
12AA Procedure for registration
13Section 11 not to apply in certain cases
13A Special provision relating to incomes of political parties
13B Special provisions relating to voluntary contributions received by electoral trust
14Heads of income
14A Expenditure incurred in relation to income not includible in total income
15Salaries
16Deductions from salaries
17“Salary”, “perquisite” and “profits in lieu of salary” defined
18[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
22Income from house property
23Annual value how determined
24Deductions from income from house property
25Amounts not deductible from income from house property
25A Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA Unrealised rent received subsequently to be charged to income-tax
25B Special provision for arrears of rent received
26Property owned by co-owners
27“Owner of house property”, “annual charge”, etc., defined
28Profits and gains of business or profession
29Income from profits and gains of business or profession, how computed
30Rent, rates, taxes, repairs and insurance for buildings
31Repairs and insurance of machinery, plant and furniture
32Depreciation
32A Investment allowance
32AB Investment deposit account
32AC Investment in new plant or machinery
33Development rebate
33A Development allowance
33AB Tea development account ,coffee development account and rubber development account

News, Due Date Reminder and Location Map

News

02 Jul 25
GST Collection Marks a 9.4% Increase, Reaching ?22.08 Lakh Crore in FY 2024-25
Kerala HC: Confiscated Goods Under GST Can Be Returned if Not Auctioned
01 Jul 25
Cabinet Committee Reappoints Ravi Agarwal as New CBDT Chairman Again
Gujarat HC: PAN Not Required for Reduced TDS Under DTAA, Upholds Supremacy of Treaty Benefits Over Domestic Law
Upcoming GST Council Meeting to Discuss Simpler Tax Structure & Rate Revision
30 Jun 25
Next GST Council meeting may eliminate 12% tax slab and shift items to other slabs 
ICAI Unites CAs and Entrepreneurs to Power MSME & Startup Ecosystem for Viksit Bharat 2047
29 Jun 25
Ravi Agrawal Reappointed as CBDT Chairman on Contract Basis Till June 2026
Orissa HC: Section 12A Exemption Can’t Be Denied Solely for Delay in Submitting Audit Report
28 Jun 25
Madras HC: No Interest on GST Due if Paid to Cash Ledger, Even with Late GSTR-3B
Madras High Court Quashes GST Demand Order U/S 74 for Lack of Independent Reasoning
GST Penalty Blocked: Calcutta HC Restrains Action Without Prior Approval
26 Jun 25
FM Sitharaman Directs CBDT to Accelerate Tax Refunds and Settle Pending Appeals
GST Tax Evasion Scam Worth Rs 524 Crore Busted, Seven Arrested Across States
CBIC Clarifies Review and Appeal Process for GST Orders Passed by CAA
Maharashtra Moves to Sync State GST Law with CGST Act Amendments
Delhi HC Flags Prima Facie Double Demand in GST ITC Reversal and Utilisation Case
25 Jun 25
CBDT Grants Income Tax Exemption to FSSAI Under Section 10(46A)
NPCI Rolls Out Real-Time PAN & Bank Validation to Speed Up Tax Refunds
Maharashtra GST AAR: 18% Tax Applicable on Shifting of Transmission Lines for Dedicated Consumers
Supreme Court Criticises Misuse of Conditional Bail Undertakings After GST Fraud
24 Jun 25
GST Scam Busted: Advocate Among Two Arrested for Running Fake GST Firm Racket in Delhi
Calcutta HC Sends Back Bajaj’s Appeal to GST Authority Over ITC Legality Lapse
ITR Scrutiny Selection New Rules Updated for FY 2025-26
NPCI Rolls Out Real-Time PAN & Bank Validation to Speed Up Tax Refunds
23 Jun 25
Gross Direct Tax Collection Rises 4.86% in FY26 Despite Surge in Refunds
ICAI Mandates Disclosure of Auditor`s Opinion While Generating UDIN for GST & Tax Audits
22 Jun 25
NPCI Launches Real-Time PAN and Bank Account Validation API on Income Tax Portal
MCA Allows Separate Filing of e-Form CSR-2 on V3 Portal After Transition from MCA21 V2 to V3
TDS Exemption for IFSC Units Under Section 80LA Effective July 1, 2025
21 Jun 25
Madras HC: Reminder Notice Mandatory Before Ex-Parte GST Order U/S 169
ITAT Delhi: Tax Deduction U/S 54F Not Allowed for Property Bought in Mother’s Name
Gujarat HC: Omission of GST Rule 96(10) Applies Prospectively to All Pending Proceedings
20 Jun 25
CBDT Notifies Tax Exemption for Forum of Regulators Under Section 10(46) of Income Tax Act
Handling of Inadvertently Rejected records on IMS
GST Appellate Tribunal Framework: MoF Releases Corrigendum to Rectify G.S.R. 256(E)
Jharkhand HC Acts Against Supplier for GSTR-1 Non-Filing and Non-Remittance of GST Collections
MCA Fines CA ?50K for Failing to Report Auditor Resignation
19 Jun 25
Tax Professionals Raise Alarm Over Misuse of GST Section 74(A) Notices
MCA Grants One-Time Fee Relaxation on 13 E-Forms Amid Transition to New Portal
Delhi HC Grants Relief to NRI After Buyer’s TDS Filing Error Triggers Income Tax Notice
HP High Court: University Must Get Fair Hearing, AO Can’t Act Unilaterally as Prosecutor and Judge
18 Jun 25
Aadhaar OTP Now Mandatory for PAN Registration on Income Tax Portal
MCA Grants Fee Waiver for 13 E-Forms Amid Transition to MCA21 Version 3
Bombay HC: Cash Credit Account Not Subject to Attachment as Property Under GST Section 83
Mumbai CGST Introduces Grievance Mechanism to Resolve GST Registration Issues
17 Jun 25
GSTN Introduces Enhanced Inter-operable Services Between E-Way Bill Portals
CBDT Notifies Tax Exemption for HP School Education Board Under Section 10(46)
Charitable and Religious Trusts to Face Stricter Income Tax Scrutiny in FY 2025-26
Union Minister Gadkari Urges GST Cut on Crude Ethanol to Boost Flex-Fuel Vehicle Adoption
Rajasthan GST AAR: Subcontracted Labour Under PMAY Not Eligible for Tax Exemption

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
07 Jul 25 "Payment of TDS/TCS of June. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected."
07 Jul 25 "Seller to upload declarations received in June, from buyers for non-deduction of TCS. "
07 Jul 25 Return of External Commercial Borrowings for June.
10 Jul 25 Monthly Return by Tax Deductors for June.
10 Jul 25 Monthly Return by e-commerce operators for June.
11 Jul 25 Monthly Return of Outward Supplies for June.
13 Jul 25 Quarterly return of Outward Supplies for Apr-Jun (QRMP)
13 Jul 25 Monthly Return by Non-resident taxable person for June.
13 Jul 25 Monthly Return of Input Service Distributor for June.
15 Jul 25 E-Payment of PF for June.
15 Jul 25 Payment of ESI for June
15 Jul 25 Details of Deposit of TDS/TCS of June by book entry by an office of the Government.
15 Jul 25 TCS statements for April-June.
15 Jul 25 Statement by Banks etc. in respect of foreign remittances during April-June.
15 Jul 25 E-filing of form 15G/H for April-June.
15 Jul 25 Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in May.
15 Jul 25 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in May.
15 Jul 25 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in May.
15 Jul 25 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in May.
15 Jul 25 RBI Annual Return by Companies having Foreign Investment received or Foreign Investment made abroad during FY 24-25.
15 Jul 25 Annual Return of Foreign Assets & Liabilities for FY 24-25 to be filed by companies, LLPs, etc. which have received FDI and/or made overseas investment and who hold foreign assets/ liabilities.
15 Jul 25 Contribution from Jan-Jun. Amount = No of employee as on 30 June X Rs 3. Online payment to be made at htttps://dlabourwelfareboard.delhi.gov.in after registration at this portal. Prior registration under Delhi Shops & Establishments Act is required at htt
18 Jul 25 Payment of tax under Composition Scheme for June quarter.
20 Jul 25 Monthly Return by persons outside India providing online information and data base access or retrieval services, for June.
20 Jul 25 Add/amend particulars (other than GSTIN) in GSTR-1 of Jun. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
20 Jul 25 Summary Return cum Payment of Tax for June by Monthly filers. (other than QRMP).
22 Jul 25 Summary Return of April-June quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, A
22 Jul 25 Add/amend particulars (other than GSTIN) in GSTR-1 of June quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra a
24 Jul 25 Add/amend particulars (other than GSTIN) in GSTR-1 of June quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, We
24 Jul 25 Summary Return of April-June quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha,
28 Jul 25 Return for June by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
30 Jul 25 Issue of TCS certificate for April-June by All Collectors.
30 Jul 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in June.
30 Jul 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 25-26, where lease has terminated in June. (Else TDS is to be deposited on annual basis by 30 April of next year.)
30 Jul 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for June.
30 Jul 25 Deposit of TDS on Virtual Digital Assets u/s 194S for June.
31 Jul 25 Statement of tax deposited to be furnished by an exchange in relation to transfer of virtual digital asset u/s 194S for April-June.
31 Jul 25 Quarterly TDS Statements for April-June.
31 Jul 25 Return of non-deduction at source by banks from interest on time deposit for April-June.
31 Jul 25 Taxpayers with Turnover below Rs 5 Crores can opt in or opt out of QRMP Scheme for Jul-Sep quarter.
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